Which of the following statements is coned in regards to the recovery entry? It does not effect the statement of income. It effects both the statement of income and the statement of financial position. It only effects the statement of income. It only effects the statement of financial position. Use the following information for questions 82-83. Loveto Inc.'s books revealed the following data for 2015 after all adjustments were The bad debt expense for 2015 was $10, 800. $11, 500. $14, 600. $3, 360